The Charleston region saw 1,923 homes sold in June at a median price of $289,798, according to preliminary data. That’s 26 fewer homes but a $19,759 increase in median price.

Year-to-date sales volume is 2% behind where it was in 2018, while median price is up 4.6%. So far this year, 9,201 homes have been sold at a median price of $277,228; last year at this point, 9,386 homes had been sold at a median price of $265,000.

“At the halfway point in the year, our regional residential market has been a consistent performer,” Oswald said in a news release. “Looking back at six months of year-to-date figures, we’ve seen minor fluctuations, but residential sales are tracking very close to where they were last year.”

The increased median price is to be expected, Oswald said, in a market with an inventory deficit.

“Demand continues to outpace supply, and affordability issues will continue until that levels out,” Oswald said.

Inventory data shows 5% fewer homes for sale compared with last year, with 5,371 homes listed as currently for sale in the Charleston multiple listing service at the end of June.